A HAPPY NEW YEAR
To All the
Globe's Friends.
VOL. XXV.—NO. 1.
BIG BUSINESS AT
UNION STOCKYARDS
South vSt. Paul Rapidly Forging to
the Front as a Market for
Live Stock.
Books of the Company Show That Ihs Business of
the Past Year Has Been Highly Satisfactory,
Both in Volume and Character — Declines in
Shipments of Cattle, Sheep and Horses Due to
Natural Causes—Extensive Improvements /Vlacte
Last Year and Others in Contemplation.
Minnesota has an industry in the Union )
Stock yard? of which the people of the I
state may well feel proud. The fiscal
year of this institution, which is rapidly
fcrging to the front rank among the
great live stock marketing centers of the
country, ended yesterday with the old
year. The record of receipts for 1901
shows a decided falling off in every item,
with the one exception of hogs. In spite
of this fact, however, the officials of the
yard company are well pleased with the
business that has been done, and regard
the year as highly satisfactory.
The decline in cattle, calves, sheep and
horses may bo attributed to circum
stances over which the yard officials have
had no control, and other marketing
points have suffered to an even greater
degree than has South St. Paul. The
shortage in cattle is due directly to the
fact that the usual outlet for the feeding
cattle, the Southern and Middle West
states, was a barren field this year. The
extreme hot weather and the lack of rain
dried the pastures and left nothing for
the cattle in these states, where farmers
are always buyers to the extent of thou
sands and thousands of cattle. During the
past year these buyers were not in the
market for a single head, and in many
Instances they shipped the cattle that
they had on hand to the ranges in the
Northwestern states, where grass was
more abundant than ever before known.
While this reversal of th« u.ual conditions
has been detrimental to the local market
this year, it will work wonders in the
future, and the harvest will be reaped in
the year to come.
Visible Supply of Sheep.
Sheepmen attribute the shortage in
sheep to several things. First, Western
feeders had on feed at South St. Paul in
1900 more than 200,000 sheep. This year
they have sent in not more than 100,000
sheep. The visible supply of sheep In
the country Is even greater than last
year, but ranchmen, in many instances,
are holding their sheep on the ranges and
are not sending them in to be finished.
Others have sent their sheep to market,
direct from the ranges, in a half-fat con
dition, rather than finish them with high
priced grain feed. As South St. Paul is
principally a feeding station, and there
is very little outlet from here for any
thing but finished sheep and lambs, these
ranchmen have passed by us this year in
favor of Eastern points. Sheepmen say
that many of the ranchmen who follow
ed thia course have been heard to express
regret that they did not ship to South St.
Paul. It is the general impression that
this sentiment will work great good to
the local market this year.
Horse Receipts Fall Off.
The decline in horse receipts is but
natural. Receipts in 1900 were little short
of phenomenal. The Western horse horse
craze on, and the horses were rushed
In from the ranges as fast as they could
be rounded up. The commission firms
behind this business at South St. Paul
were, in 19C0, doing the bulk of their
business at this point. In 1901 the trade
was split up and sent to several other
points, and South St. Paul naturally had
to suffer. In the meantime the rush has
subsided and has given way to a steady
trade that is much more profitable.
The following table shows the receipt^
for the year just closed, compared with
15K.0. The figures for ISC'I are not accu
rate, as the records are complete for only
the first eleven months of the year but
the estimates will bo fount! to be within
a few head of the official figures, to be
given out later.
1901. 1900. Loss
Cattle 157,000 176.172 19,1t15
Calves 34,700 44,250 9,550
Hogs 616,000 500,415 *115 585
Sheep 330,000 459.574 159,574
Horses 15,300 26.773 11,473
Cars 16,600 17,197 597
•Gain.
It win be seen that in but one item,
hogs, have the receipts for 1901 been in
excess of 1900. The heavy increase here
has been almost sufficient to overcome
the loss in cattle, sheep and horses. There
seems to be but little doubt but that
South St. Paul is forging to the front
as a marketing point for hogs. When
records for the year at other points are
obtainable it is confidently expected that
N — ' —^ P4 v,
GEN. X D. FLOWER
President Union Stock Yards Company.
South St. Paul will fee found to be tn
titled to a place with the first six big hog
marketing points of the entire country.
Growth of the Yards.
The steady growth of the Union stock
yards, from year to year, is shown in
the following table, giving the receipts
by years since the institution was found
ed. The table will also show the vast
amount of live stock that has been mar-
"'.~- . - .. - - ._."-"'• . .':'"-■- .' - — ' ' - . -■-.-■." - . '■ -",''.'■ . '. ' ■■-■"■ . '-,■"-''?■■■■ •si»s, ■i*j^'L-i>',', _ ■*-■ *;-i -.--,*■■..-,- -- . ■ >- - - - .... ."
WEDNESDAY MORNING, JANUARY 1, 1902. -SIXTEEN PAGES.
A WINTER SCENE AT SOUTH ST. PAUL STOCK YARDS TODAY.
keted at South St. Paul In the past thir
teen years:
Receipts by years— /-,£
; ..... Cattle.- ; Calves. Hogs.
JSS3 .; : 31,514 2,210 272,712
3889 ;....;... .64,548... . . 4,114 . 249,030
TS9O ............-.. 93,227 6,529' 315,987
1891 136,983 5,654" ; 263,479
1£92 80,612 5,204 238,SKK)
1893 103,644 3,956 194,092
3894 74,933 3.312 326,663
1895 88,540 4,526 364,455
ISM 92,062 ■' ' 5,750 313,733
1897 171,552 27,133 243,074
1898 ...;... 173,316 ; \ 42,677 ~ 33M05
18&9 169,888 51,479 369,243
1900 ......; 176,715 44,548 500,465
ISOI 157,000. 34,700 616 OOJ
Totals 1,620,532 240,828 4,596,319
Receipts by years: '. . , .
Sheep. Horses. Cars.
ISS3 ;..;.. 61,343 806 5,831
1883 ......121.554-*- 2,838- <*' 7.441
ISOO . 189,603 2,454 9,783
1591 ..'... 89,423 c.1,834 10,601
189:2 97,156 2,108 7,443
189S .153,341 : G; 896 t 8,645
18i)l 95,142 . 356 8,6c6
ISPS 174,858. . ; .140T:. ' 8,801
189*3 .......200,415 87 9,169
1597 315,210 354 11,204
1893 430,194 1,431 13,857
1898 383,598 5,745 14,119
190) 490,043 . 26,689 17,231
1801 330,000 15,300 16,60!)
Total 3,131,873 60,933 150,364
Last Year's Buyers.
The purchases of stock by the various
packers and business firms located at the
yards, or having representatives there,
are shown in the following table:
Name. Cattle. Calves. Hogs. Sheep.
Swift & Co ....42,619 4,721 579,774 60,110
Up-town packers 3,050 1,025 6,000 25,500
J. T McMillan 9,000
Small butchers . 2,900 300 1,400 7,500
Eliott & Co 1,400 200 2,500 4,500
Armour & Co 100
F. Griming 125 50 10 ......
Cvdahy Bros 25 12,000 . ...
Slimmer & Th 05.38,500
Hankey Bros ..20,500 ' 25 000
Country feeders..37,7oo 27,090 85 £0,000
Wares & Co 3,500
Speculators 8,000 1,400 10 000
Lytle & Raehum 2,000 500
Swift & Co.'s hog purchases alone
amount to about $7,000,000, and the total
amount that they have paid out for all
Continued on Sixth Page.
60UTH ST. PATTL STOCK nan, mm.-w*:m mxmm,.*
GREATEST
EVER KNOWN
HISTORY HAS NOTHING TO EQUAL
INDUSTRIAL ACTIVITY
OF 1901 .
STEADY GAIN IN PRODUCTION
Rive of Values Ha« Been Legitimate
-Farm Population Especially
Prosperous— * "
Capacity Expands.
SILVER DECLINES STEADILY
NEW YORK", Dec. 31.—Dun's review
will say on Jan. 4:
Most marvelous of all the phenomenal
evidences of advancement in business
during the year was the progress made
in manufacturing. It is impossio.- to be
too extravagant in delineating the move
ments of the industrial world. Never m
the history of this or any other nation
has such development occurred within
the space of a twelve month. Tne ex
pansion of productive capacity was
enormous, the improved methods of work
and organization were conspicuous, wise
■ economies were introduced, out more
than all other factors that made for
j permanent prosperity was the conserva
,' tive resistance to price inflation.
Iron and Steel.
I After the reaction of 1900 the level ox
. prices remained depressed for some
months, but gradually responded to the
increasing demand as excessive accumu*
lations were absorbed. From a condition
of glut there arose almost a famine,
greatly exaggerated by the stubborn
strike. Some idea of the changes in size
of supplies may be found in the com
parison of furnace stocks of pig iron, a~s
published in the Iron Age, which amount.
Ed to 548,663 tons on .an. 1. These ng»
ures steadily declined throughout the
year until only 223,462 tons were held on
Dec. 1.
Aside from the sligbt fall during tne
period affected by tn« strike there ap
pears almost a steady gain in produc
tion, closing with, the maximum quan
tity on record. Whiia the output on Dec.
1 was at the unparalleled rate of 10,837,
--672 tons yearly, it is obvious that the
actual production for the year was mvrt-h
smaller, although quite sufficient to es
tablish a new record, and, judging by
the amount of business already placed
for 1902, the current year's yield may
not unreasonably be expected to surpass
17,000,000 tone. Output of rails was be
yond all records, yet. contracts for 190S
already haver cached another high-water
mark of probably 3,000,000 tons.
Minor Metals.
Readjustment of quotations was se
cured during December after a year of
unreasonably inflated prices. Copper was
stubbornly held at 17 cents most of tne
time, but when the reaction began there
was a fall of 4 cents within a few Jays.
Tin was advanced to 28% cents In June,
but fell to 22 cents in December. Sim
ilarly with lead, the nominal price of 4%
cents was cut to 4 cents. Tin plates
closed the year where they opened, i>ut
in the interim there was an advance of
$7 on account of ,ie famine that followed
the strike.
All records of .output for ha-rd and soft
coal were surpassed during 1901, despite
the scarcity of cars that retarded opera
tions. A feature of great advantage was
the . expanding export movement, which
reached more encouraging . proportions
than in earlier years. In ten months th«
value of shipments was $19,C87,333, against
$17,820,864 the year previous. Coke ovens
made a phenomenal record, establishing
a new higfc-water mark of weekly output
a.t 244,529 tons late in November.
An entire year of activity and an era
of high prices characterized the leather
market, but there has been no boom
such as existed during 1895, and resulted
in one of the most disastrous slumps
ever known in the leather industry- The
rise in values was steady and by easy
stages and entirely legitimate, inasmucn
a3 it was based on the law of cupply
and demand.
Market for Wool.
Further declines occurred in the price
of this staple during the opening months
of 1901, and the bottom was not reached
until July 1, when 100 grades, according
to Coates Bros.' circular, was quoted Btt
17.06 cents. This represented a loss of 31
per cent from the high point of 24.70 m
December, 18J9. With the absorption of
surplus stocks and general revival in the
industry, the turning point was reached
in September. Further strength and ac
tivity was in evidence each succeeding
month.
While 1900 was the best year ever ex
perienced by domestic agricultural interr
ests, the opening year Of the new cen
tury was in many ways more profitable",
and the two together hav.e put the farm
ing population in much the most satis
factory position in the nations history.
Formerly the season of harvesting and
crop moving brought heavy borrowing
of funds at the East, but interior condi
tions have changed to such an extent
that Western banks are lenders at New
York and Chicago, and while there is
still a large movement of money away"
from the East during the fall months,
it is of funds that were held here for
the account of interior correspondents.
There is a steady tendency to enlarge the
acreage sown in the leading crops, yet
supplies do not increase, owing to the
better demand both for home consump
tion and export. Heat and drought caus
ed a ssrious curtailment of the corn crop,
which proved the most important event
of the year. Whi'.e this influence nat
urally induced an advance in prices that
practically prohibited exports and thus
1 ■■■■ ■ ■■■■■.■■■■...■/ jjjjjjjfi
Projector of the Union Stock Yards and President Chicago Great Western Rail-
seriously affected foreign commerce, it
was by no mean 3an unmixed evil, since
the return to growers was even larger
than In a year of normal production.while
the enormous yield of wheat was absorb
ed by stock feeding and foreign consum
ers in place of corn. Hence, instead of
a low price for wheat in proportion to
the heavy crop, there was maintained an
Continued on Sixth Page.
KNOCKED A STRAW IN
INTO A COCKED HAT
■ _■..- . "" , ' " - , " . -II • *
Three Governors in Solemn Conclave?
At Helena Resolve to Do Their
Whole Duty, B'Gosh.
~ _
And if They Find That They Can Do Anything to!
the Northern Securities Company They Will Dq!
It If They Tear a Suspender—Stale Resolutions^
Adopted After Governor Herreid Had Jumped!
the fleeting.
A. B. STICKNEY,
HERON LAKE'S LOSS
FIXE BRICK SCHOOI/HOUSE ENTIRE.
L,\ DESTROYED BY FIRE. ,
Special to The Globe.
HERON LAKE, Minn., Dec 31.— Th©
Heron Lake schoolhouse, one of tne
finest brick edifices in Southwestern Mm.
nesota, was entirely consumed by fire
today along with a school library worth
$2,000, a $500 piano, the chemicals and
chemical appliances in the laboratory,
which were valued at $500, and $400 worth
of books belonging to Prof. Alwine.
The building was put up in 1896 at a
ccst of $22,000, and cannot be replaced
for less than $35,000. There was an in
surance on the building and xurniture
for $18,300.
NORTH ATLANTIC SQUADRON.
Uncle Sam's Big Boats Arrive Off San
Jnan.
SAN JUAN, Porto Rico, Dec. 31.— The
United States North Atlantic squadron
arrived oft this port today. Rear Admiral
Francis J. Higginson came ashore and
transferred his flag to the United States
gunboat Marietta. The latter had been
awaiting the squadron here for several
days. Admiral Higginson visited Gov.
Hunt and secured the squadron's mail.
He will proceed to Culebra Lsland this
evening. The itinerary of the squadron
i£ unchanged. , , ,
The Live Stock Industry
of
South St. Paul.
PRICE TWO CENTS— i° B T"»«»«- *;
* XVAV^** XV* V/ V,Cf^in<«{ FIVE CEKTi. ~\
Gov. White Poors Ice Water on
the )tailua> Baiters.
Gov. Herried Quits the Gathering-.
Vapid Resolution* Adopted.
Xo One Knows Yet What Will Ue
Done by Van Sant.
Minneapolis Snlt Thought a Stools
Jobbing: Device.
Triumphal Departure for Homo.
Special to The Globe.
HELENA, Mont., Dec. Gov. White, /
of North Dakota, hit off exactly the situ> !
ation which has prevailed _ her© since
Tuesday morning. : That situation has'
been and Is that ''instead of being a con
ference to discuss the matter with a view;- .
to ascertaining the facts in the case,;
and whether any state laws are being
violated, it has come to be heralded) .
abroad as a meeting in open hostility,
to rail interests, with adjuncts of extra
sessions and other things before the mat
ter had been discussed at all."
If Gov. White were her© and could
observe the political stage setting, with
the grand stand where the anti-monopcly;
band plays back of the courthouse build-
Ing, he could not have reached a truejP.j
understanding of the situation. Mor©
than one of the conferees have recog
nized that they have been made bait ofcj
with which politicians and stock specula
tors expect to catch lots of suckers. j j
ONE GOVERNOR QUITS THE .' j
COMBINATION IS DISGUST.;
White and Comstock have kept out, and.
Gov. Herreid had sense enough to gV
out. He quit this noon and went home I j
From the outset he has shown that ha
came here only because- his friend, the!
governor of Minnesota, asked him to do;
so, and he left when he could no longe^ 1
blind himself to . the true situation, 1
Others would have followed his example,
were they not afraid of crawfishing, and
of being put by the politicians in a danv
gefous position. | fj -
The resolutions produced by the pro- |'
longed process of political incubations . •
which has been in progress here, are al-'
together worthy of; the impossible situa- !
tion created. They have been described; j
by a prominent mine owner of Helena to '
The Globe man as "the expression of j
tho ability of stock jobbers to utilize!
through politics the executive power of at;
least two great American common- ' \
wealths. The, injunction suit in Minne- ;
apolis is , an expression of the willing- ;
ness of the same stock jobbers to usa!"
the judicial power to the same end. It {
remains to be seen whether either can
be done with final success." .-;;*/:*
, The outcome has sustained all predic
tions. The resolutions adopted simply
save the face of Gov. Van Sant: They]
signify nothing more, and. would proba- •
bly never have been adopted were it
not out of consideration for '. him. They,
have been generally discussed in this city,
since their adoption, and the opinion to'
universal that it is now up to Van Sant;
and Douglas to make good. Five* law- '
yers and three laymen " have united •in
the opinion that the Northern Securities
organization is ; illegal, according to the j
laws of the states of Minnesota, Wash.- j
ington and Montana. Even South Oa««i
| kota .- seems ;to be lugged Into the -.. case, ' '
notwithstanding the absence of Gov. Her- J
ried, and the fact that r there Is no par- ] .
; alleling of the lines i of : any of the roads j
'Jh'.; question' within the limits or that '
state. The process was slow and pain- ;
Continued on Sixth Fnge. .' n j'